Will Paying Off Installment Loans Increase My Credit Score? by Simpson Michael J. In this week’s Wednesday Q & A, we answer the question “Will Paying Off Installment Loans Increase My Credit Score?” Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) Related See more Previous article Save On Father’s Day Fun To Pay Off Instant Cash Payday Loans Next article Tales from the Financial Aid Couch: The FAFSA & How It Helps You Pay for College Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.